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String Metaverse Ltd (formerly Bio Green Papers Ltd) announced key board changes at its meeting on June 2, 2026. Mr. Ghanshyam Das resigned as Chairman and Non-Executive Non-Independent Director effective May 29, 2026, citing personal reasons. Mr. Arvind Jadhav resigned as Independent Director effective June 2, 2026, citing personal and professional reasons. The board appointed Dr. Sethurathnam Ravi, a former Chairman of BSE Limited, as Additional Director (Non-Executive, Non-Independent) and Chairman of the company, subject to shareholder approval. The Nomination and Remuneration Committee was also reconstituted with three independent directors.
The appointment of a high-profile former BSE Chairman with 37+ years of board experience across banking and finance may boost governance credibility, though the simultaneous exit of two directors could raise short-term stability concerns. Existing shareholders should watch for the shareholder approval outcome for Dr. Ravi's appointment.